Bank of Houston & Traylor, William P. v. Baker, Edwin Folke, Administrator

CourtCourt of Appeals of Texas
DecidedJuly 17, 2003
Docket01-02-00021-CV
StatusPublished

This text of Bank of Houston & Traylor, William P. v. Baker, Edwin Folke, Administrator (Bank of Houston & Traylor, William P. v. Baker, Edwin Folke, Administrator) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bank of Houston & Traylor, William P. v. Baker, Edwin Folke, Administrator, (Tex. Ct. App. 2003).

Opinion

Opinion issued July 17, 2003




In The

Court of Appeals

For The

First District of Texas





NO. 01-02-00021-CV





WHITNEY NATIONAL BANK, f/k/a BANK OF HOUSTON,

AND WILLIAM P. TRAYLOR, Appellants


V.


EDWIN F. BAKER, ADMINISTRATOR OF THE ESTATE OF WELDON T. BAKER, DECEASED, Appellee





On Appeal from Probate Court No. Two

Harris County, Texas

Trial Court Cause No. 294186-401





O P I N I O N

           Appellee, Edwin F. Baker, administrator of the estate of Weldon T. Baker (Baker), deceased, sued appellants, Whitney National Bank, formerly known as Bank of Houston, and William P. Traylor, the former president of the bank, to recover withdrawals by Zelia Lopes Rodrigues from two accounts over a four-year period following the death of Baker. The trial court rendered judgment on the jury verdict in favor of appellee, and the bank and Traylor appeal. We reverse and render a take-nothing judgment.

BACKGROUND

           Baker, a United States citizen, lived with his wife and three sons in Brazil, where he had business interests. In the early 1970s, Baker and his wife separated, and she returned to the United States with their sons. The Bakers never obtained a divorce, but they lived separately for the rest of his life. In 1977, Baker and Rodrigues, a native of Brazil, entered into a contractual relationship, which was formalized by a document that, as translated into English, was entitled “Term of Good Living” and designated Baker as “The Bridegroom” and Rodrigues as “The Bride.” Rodrigues was also involved in Baker’s business affairs. The personal and business relationship between Baker and Rodrigues continued until Baker’s death in 1993.

           In 1983, a money market investment account, number 90-0387-8, was opened at the Bank of Houston in Rodrigues’s name (the ZLR account). Rodrigues’s signature was the only one that appeared on the signature card. On the reverse side of the signature card, in the agency clause, Rodrigues signed as principal, and Weldon T. Baker was named as agent. The co-depositor clause was left blank.

           In 1985, a commercial money market account, number 80-0416-1, was opened at the Bank of Houston with the account title of “Kolovid Establishment,” a legal entity organized under the laws of Liechtenstein (the Kolovid account). Baker and Rodrigues signed the signature card on this account. On the reverse side of the card, in the agency clause, Rodrigues was named as agent, “Kolovid Establishment” was typed above the line for signature of principal, and Baker’s signature appeared below that line. The co-depositor clause was left blank.

           In 1990, new signature cards for the two accounts were sent to the bank. Both cards showed, as the first signature, “Buster Baker” and, as the second signature, “Kate Buster Rodrigues.” The account titles were not changed. The co-depositor clauses and the agency clauses contained a series of “Xs” on the name and signature lines. After Baker died, Rodrigues continued to make deposits and withdrawals on the two accounts.

           Baker’s wife and sons did not learn of his death until 1995. After learning of his father’s death, appellee contacted Traylor and asked whether Baker had any accounts at the bank. Traylor told him that Baker had not had any accounts at the bank for several years.

           In 1996, appellee was appointed in Brazil to be administrator of Baker’s estate. In November 1997, appellee’s attorney notified the bank’s attorney that, “as the legal representative and duly appointed Administrator of the Estate of Weldon Thomas Baker,” appellee claimed an interest in the ZLR account or any other account in which Baker was a record owner, signatory, or party having a right of withdrawal. In December 1997, appellee’s attorney again wrote the bank’s attorney, stating that appellee had filed an application for appointment of independent administrator in Harris County and threatening legal action regarding the ZLR account.

           On March 31, 1998, the probate judge signed an order appointing appellee administrator of Baker’s estate and granting him the powers and duties to take possession of the contents of a safety deposit box at the Credit Suisse Bank in Zurich, Switzerland; to hire and pay attorneys, accountants, and any additional persons required; and to sue and defend lawsuits and exercise any rights necessary to protect assets of the decedent. The order noted that, in related federal litigation, the federal court had entered an order directing that future distributions for the benefit of the estate be made to the clerk of the registry of the Harris County Probate Court and not to appellee directly.

           Appellee sued the bank and Traylor, alleging negligence and gross negligence in handling the funds of the estate, breach of fiduciary duty, breach of contract by permitting unauthorized withdrawals from the accounts, and misrepresentation regarding the existence of the accounts. The case was tried to a jury, which found that (1) on November 12, 1993, $798,188.23 in the Kolovid account and $102,501.01 in the ZLR account were assets of Baker; (2) the bank knew these funds were Baker’s assets; (3) Traylor knew these funds were Baker’s assets; (4) a relationship of trust and confidence did not exist between Baker and Traylor; (5) after November 12, 1993, the bank charged the Kolovid account with items that were not authorized by a customer on the account, but did not make such an unauthorized charge against the ZLR account; (6) the total sum of disbursements of Baker’s funds from the Kolovid account after November 12, 1993 was $220,718.10; (7) the bank and Traylor committed fraud against appellee with respect to the Kolovid account or the ZLR account; (8) $148,029.71 would compensate appellee for damages resulting from the fraud; (9) appellee discovered or should have discovered the unauthorized withdrawals by October 27, 1998; (10) items paid on the accounts before January 1, 1996 were paid in good faith; and (11) the evidence was not clear and convincing that harm was sustained to the estate as the result of the fraudulent conduct of the bank and Traylor. The jury awarded attorney’s fees of $106,000 through trial, $35,000 for appeal to the court of appeals, and $35,000 for appeal to the supreme court.

           

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Bank of Houston & Traylor, William P. v. Baker, Edwin Folke, Administrator, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bank-of-houston-traylor-william-p-v-baker-edwin-folke-administrator-texapp-2003.